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Founded Year

2000

Stage

Acquired | Acquired

Total Raised

$153.36M

About K2

SourceCode Technology Holdings, dba K2, is a provider of business application platforms and solutions that empower people to build and run business apps, from the very simple to the highly complex, limited only by their imagination. The low code platform allows users to create customized business applications --using workflows and forms--that stretch across roles, departments, and data sources. Understanding the importance of getting the right information to the right people at the right time, K2 allows business users to make smarter, data-driven decisions, fast. In this fast-paced environment, workforces can stay focused on building and growing the business, instead of managing processes. On October 1, 2020 K2 was acquired by Nintex. The terms of the transaction were not disclosed.

Headquarters Location

5150 Village Park Drive SE Suite 200

Bellevue, Washington, 98006,

United States

425-883-4200

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K2 Patents

K2 has filed 30 patents.

The 3 most popular patent topics include:

  • automotive suspension technologies
  • honeycombs (geometry)
  • house types
patents chart

Application Date

Grant Date

Title

Related Topics

Status

4/24/2020

9/5/2023

Data management, Software testing, Information technology management, SPARC microprocessor products, Dene communities

Grant

Application Date

4/24/2020

Grant Date

9/5/2023

Title

Related Topics

Data management, Software testing, Information technology management, SPARC microprocessor products, Dene communities

Status

Grant

Latest K2 News

K2 Gold Closes $1.045 Million Oversubscribed Private Placement

Feb 15, 2024

K2 Gold Closes $1.045 Million Oversubscribed Private Placement February 15, 2024 at 06:05 am EST Share Vancouver, British Columbia--(Newsfile Corp. - February 15, 2024) - K2 Gold Corporation (TSXV: KTO) (OTCQB: KTGDF) (FSE: 23K) ("K2" or the "Company") today announced the closing of the non-brokered private placement financing as disclosed on January 22, 2024 by issuing a total of 10,450,000 units ("Units") at a price of C$0.10 per Unit (the "Offering Price"), for aggregate gross proceeds of C$1,045,000 (the "Offering"). Each Unit will consist of one common share (a "Share") in the capital of the Company and one non-transferable common share purchase warrant (each whole common share purchase warrant being a "Warrant"). Each Warrant will be exercisable to acquire one Share at a price of CDN$0.30 per Share for a period of 12 months from the date of issuance subject to an acceleration clause. If the 10-day volume-weighted average trading price of the Shares as quoted on the TSX Venture Exchange is equal to or greater than $0.35 at the close of any trading day, then the Company may, at its option, accelerate the expiry date of the Warrants by issuing a press release (a "Warrant Acceleration Press Release") announcing that the expiry date of the Warrants shall be deemed to be on the 30th day following the issuance of the Warrant Acceleration Press Release (the "Accelerated Expiry Date"). All Warrants that remain unexercised following the Accelerated Expiry Date shall immediately expire and all rights of holders of such Warrants shall be terminated without any compensation to such holder. K2 intends to use the net proceeds raised from the Offering to complete the EIS permitting for the company's Mojave Gold project located in Inyo County, California, USA, as well as exploration and general working capital. The Company will pay finders fees in compliance with the policies of the TSX Venture Exchange and applicable securities legislation, to arm's length finders in connection with subscriptions from subscribers introduced by them, totaling $56,340.00 and 563,400 warrants exercisable for 12 months from the date of issuance to acquire common shares of the Company at an exercise price of $0.30 per share. Finders Warrants have the same terms as the Unit Warrants. Insiders of the Company acquired an aggregate of 1,560,000 Common Shares in the Offering, which participation constituted a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities acquired by the insiders, nor the consideration for the securities paid by such insiders, exceed 25% of the Company's market capitalization. As required by MI 61-101, the Company advises that it expects to file a material change report relating to the Offering less than 21 days from completion of the Offering, as the nature of the related party transaction is relatively immaterial, and was not necessary to complete the Offering, and can generally be considered reasonable in the circumstances. Closing of the Offering is subject to certain customary conditions, including, but not limited to, the receipt of all necessary regulatory approvals and acceptance of the TSX Venture Exchange. All securities issued under the Offering will be subject to a statutory hold period of four month hold period in accordance with applicable Canadian securities laws. There are no material facts or material changes regarding the Company that have not been generally disclosed. About K2 Gold K2 is a proud member of Discovery Group and currently has projects in Southwest USA and the Yukon. The Mojave Project is a 5,830-hectare oxide gold project with base metal targets located in California. Multiple previously recognized surface gold targets have been successfully drilled in the past, most notably by Newmont and BHP. Since acquiring the property, K2 has completed geochemical and geophysical surveys, geologic mapping, LiDAR, a WorldView 3 alteration survey, and successfully completed a 17-hole RC drill program focused on the Dragonfly and Newmont Zones. Highlights from K2's drilling program include 6.68 g/t Au over 45.72m from surface at the Dragonfly Zone, and 1.69 g/t Au over 41.15m from 44.20m depth at the Newmont Zone. The Wels Project lies approximately 40km east of the community of Beaver Creek and 60km south of Newmont Goldcorp's Coffee deposit discovered by Kaminak Gold Corporation (formerly a Discovery Group company prior to its acquisition by Goldcorp-Newmont). Both the Coffee project and the Wels project lie within the Tintina Gold Belt, share similar characteristics, and are host to structurally controlled gold mineralization within intrusive rocks exhibiting multiple trends of mineralization. K2's 2023 Reverse Circulation drilling program at the Wels Project intersected gold in every drill hole, including the discovery of a new mineralized corridor at the Saddle South target. The Wels land position consists of 350 contiguous quartz claims covering 7,200 hectares and lies within the traditional territory of White River First Nation. The Si2 Gold Project is located in Esmeralda County, approximately 60km northwest of Tonopah, Nevada, and 20km northwest of Allegiant Gold's Eastside deposit (1.4Moz Au, 8.8 Moz Ag). The project is road accessible and consists of 118 BLM lode claims covering 986 Ha, 65 of which are under option from Orogen Royalties Inc. (TSXV: OGN). The claims cover an 8 km2 area of steam heated alunite-kaolinite-buddingtonite alteration within a sequence of felsic to intermediate volcanic rocks displaying brecciation and strongly anomalous mercury. K2's 2023 diamond drill program at the Si2 Project confirmed that the system is gold bearing. The project was initially identified using the same methods, and by the same exploration team that identified AngloGold Ashanti's 4.22 Moz Au Silicon project1 near Beatty, Nevada, and was staked based on its strong geological similarities to Silicon. https://reports.anglogoldashanti.com/22/wp-content/uploads/2023/04/AGA-IR22.pdf On behalf of the Board of Directors, "Anthony Margarit" President and CEO K2 Gold Corporation. For further information about K2 Gold Corporation or this news release, please visit our website at k2gold.com or contact our Office in Canada at 778-266-1456 or by email at info@k2gold.com. K2 Gold Corporation is a member of Discovery Group based in Vancouver, Canada. For more information please visit: discoverygroup.ca. Cautionary Statement on Forward-Looking Statements This news release contains forward-looking statements that are not historical facts. Forward- looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements, including statements regarding the exploration program at Si2, Wels, and Mojave, including results of drilling, and future exploration plans at Si2, Wels, and Mojave. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's inability to obtain any necessary permits, consents or authorizations required for its planned activities, and the Company's inability to raise the necessary capital or to be fully able to implement its business strategies. The reader is referred to the Company's public disclosure record which is available on SEDAR (www.sedar.com). Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except as required by securities laws and the policies of the TSX Venture Exchange, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. No securities of the Company have been or will, in the foreseeable future, be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Not for distribution to United States newswire services or for dissemination in the United States. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/198005 Share

K2 Frequently Asked Questions (FAQ)

  • When was K2 founded?

    K2 was founded in 2000.

  • Where is K2's headquarters?

    K2's headquarters is located at 5150 Village Park Drive SE, Bellevue.

  • What is K2's latest funding round?

    K2's latest funding round is Acquired.

  • How much did K2 raise?

    K2 raised a total of $153.36M.

  • Who are the investors of K2?

    Investors of K2 include Nintex, FTV Capital, Azure Capital Partners, Francisco Partners and Treacle Private Equity.

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